This paper considers the nature and role of household indebtedness in contemporary banking and the current financial and economic crises. It offers a concise empirical exposition of the centrality of household lending and related financial services to leading banking institutions and to the...

This paper offers a characterisation of the distinctive content of production and consumption credit based on the Marxian framework of the circuit of capital and a distinctive approach to credit relations. All credit allocations contribute identically to present aggregate demand and to the...

The incomes of workers and capitalists pertain to different moments of accumulation. Wages are shares of capital outlays sustaining production; profits are shares of commodity sales. If aggregate demand and the scale of productive undertakings are shaped with a measure of mutual autonomy, the...

This paper considers the macroeconomic content of the allocation of credit between production and consumption loans from the perspective of a discretetime, structural model of credit and the accumulation of capital. On the basis of comparative-dynamic analysis of the properties of steady-state...

This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors’ shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and...

This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.

This paper, drawing on Marxist political economy, conceptualizes the phenomenon of activities of banks as determinants of the current crisis. The main argument is the most significant aspect of recent changes in banking activities has been the turn towards individual wage income as a source of...

This paper, drawing on Marxist political economy, conceptualizes the phenomenon of activities of banks as determinants of the current crisis. The main argument is the most significant aspect of recent changes in banking activities has been the turn towards individual wage income as a source of...